Morgan Street in Ascot Is Among Most in-Demand Streets in Queensland

Morgan Street in Ascot ranked high among the most in-demand streets in Queensland,  the latest study says.

The latest research has revealed the list of Qld’s streets where most property buyers want to live. Dauphin Terrace in Highgate Hill turned out as the most popular street for would-be buyers in Queensland and the 11th most in-demand in Australia. Regent Street in Elsternwick is the country’s most sought-after street.

Among the 20 most popular streets in Queensland, Morgan Street in Ascot is ranked 10th. On the other hand, the most in-demand streets in Ascot according to are:

  1. Morgan St
  2. Sutherland Ave
  3. Mayfield St
  4. Crosby Rd
  5. Henry St
  6. Ascot St
  7. Abbott St
  8. Baldwin St
  9. Bale St
  10. Yabba St

Joining Dauphin Terrace in the list of QLD’s 10 most popular streets: Ladds Ridge Road, Burleigh Heads; Ashfield Street, East Brisbane; Glauca Street, Burleigh Heads; Bronhill Street, Currumbin Waters; Timana Avenue, Mermaid Waters; Bridgeman Road, Bridgeman Downs; Hethorn Street, Coorparoo; Dobell Street, Indooroopilly; and Morgan Street, Ascot.

Majority of residents in Morgan Street are comprised mainly of people aged 50 and over (more than 30 percent) and children under 18 years of age (about 30 percent), according to Morgan Street appears to be quite a wealthy neighbourhood with a median monthly household income of $17,230.

The last time a property in Morgan Street was sold was in February 2018, according to The 2-bed, 2-bath house was originally purchased in 1987 for $130,000. It was sold for $1.28 million, for a 30-year annual growth of 7.86 percent. About 71 percent of homeowners have been living in Morgan Street for 10 years or more, the Domain data said.

The most sought-after streets across Australia were determined after analysing views per property listing per day data, over the three-year period up to 31 March 2019. Only those suburbs with at least five listing during the covered period were considered in the study.

Walkability and proximity to the CBD and amenities are said to attract many buyers to these streets. Other buyers looked into these streets mostly for inspiration and ideas, according to the study.